The equity section of a balance sheet is as follows:

Common stock (1,000 shares, no par value) ........... $10,000 Other paid-in capital ............................................... 20,000 Retained earnings .................................................... 40,000 Total equity ............................................................. $70,000

(a) The stated value per share is [$10 / $30 / $70 /

can’t tell].

(b) The company received from its shareholders

[$10,000 / $30,000 / $70,000 / can’t tell].

(c) The shareholders’ equity is worth [$10,000 /

$30,000 / $70,000 / can’t tell].

(d) The company has cash of at least [$10,000 /

$30,000 / $70,000 / can’t tell].

(e) The company’s income to date has totaled

[$40,000 / at least $40,000 / can’t tell].

(f) If the company is liquidated, the shareholders will receive at least [$10,000 / $30,000 /

$70,000 / can’t tell].